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551 Mehlenbacher Rd
Belleair Bluffs, FL 33770
The Bluffs Place & Tiffany Manor Apt · Multifamily Property For Sale
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18 Units
Investment Highlights
- 18-Unit Multifamily Portfolio – Two Adjacent Properties
- Seller Financing Considered
- Lease-Up Opportunity with Immediate Cash-Flow Potential
- Completed Renovation Program (2025–2026)
- High-Demand Belleair Bluffs Location
- Ideal 1031 Exchange Replacement
Property Facts
| No. Units | 18 | Building Size | 12,794 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2025 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 0.71 AC | ||
| Zoning | RM, Belleair Bluffs - Residential Multi-Family | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 12,794 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2025 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | RM, Belleair Bluffs - Residential Multi-Family |
Amenities
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,295 | 425 |
| 1+1 | 9 | $1,595 | 600 - 640 |
| 2+1 | 4 | $1,895 | 780 |
| 2+2 | 4 | $1,895 | 910 - 990 |
Property Taxes
| Parcel Number | 33-29-15-47448-003-0280 | Improvements Assessment | $552,270 |
| Land Assessment | $322,730 | Total Assessment | $875,000 |
Property Taxes
Parcel Number
33-29-15-47448-003-0280
Land Assessment
$322,730
Improvements Assessment
$552,270
Total Assessment
$875,000
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